What Sellers Need to Know About Comps - Thinking of Selling a Home in Elk Grove

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Real Estate Agent with Real Estate Specialist -Rigley Realty Group 01391317 / 01472902

Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 Info@RigleyRG.com
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Another article came from John N. Frank that I thought was worth sharing and you might enjoy.

The sales price of neighboring homes is only one part of the equation. Be sure that sellers understand

the other factors that affect how their home compares to their neighbors'.

 

Location within the neighborhood.

If your seller’s home is in a part of the neighborhood that borders a highway, train tracks, or an industrial area, it’ll likely fetch a lower price. Make sure you pull comps of other homes in similar locations to compare and explain pricing differences to sellers.

The home’s lot.

Take into account that hilly terrain can affect the usability of each home’s lot and bring your seller’s price down. You can have two one-acre lots next to each other, and one can be fully usable while the other is only half usable because of steep slopes, says Todd Gibbons of William Pitt Sotheby’s International.

Renovations.

Home owners who have done home-improvement projects typically get a higher price for their property. You should know which properties in the neighborhood have undergone renovations and how much they sold for so you can suggest to your seller what projects they should do if they want to boost their home’s sale price.

New construction.

In some markets, the cost of land has dropped, making building a new home less expensive and, thus, more affordable for buyers. Sellers need to understand how competition from the new-home segment could affect their listing price. For example, in the suburbs of Chicago, where Michael LaFido of Marketing Luxury Group does business, building a house similar in size to an existing structure costs 20 percent less today than before the recession. Pull comps from builders in your area to show sellers the potential impact on their home’s value.

The difference between listing price and sales price.

Many sellers will go online to see listing prices for other homes on the market in their neighborhood and ask you to price their house accordingly. You need to explain that listing prices reflect what sellers are asking, not what buyers are willing to pay. That’s why sold inventory is more reliable for determining the realistic price of your seller’s home than the asking price of properties currently on the market.

 

 

Thinking of Selling a Home in Elk Grove? Buyers Want Your Elk Grove Home for As Little As Possible. Quickly Find Out What your Elk Grove home is Really Worth, for Free.

 

Are you thinking of selling your home in Elk Grove? You should know exactly what it’s worth before making such an important decision. Get a CMA “Comparative Market Analysis”, for free, and with no obligation. This analysis compares your Elk Grove home to others that are currently on the market and to those that have recently sold.

 

Once you find out what your home is worth in Elk Grove you can make the decision on whether or not to sell your Elk Grove home

 

As top Elk Grove REALTORS®, the Rigley Realty Group can determine the value of your Elk Grove home and perform a quick market analysis, giving you a free estimate of what your home is worth in today’s market.

 

Mike and Jennifer Rigley of the Rigley Realty Group come with 10 + years experience helping buyers, sellers and investors realize their Real Estate dreams. Including:

  •   30+ Year Sacramento Residents
  •   Over 1,400 homes sold since 2003 – 10x the average agent
  •   On Average sell homes 25.8% faster and for 1.5% more than the average agent
  •   Guarantee your Home will sell at a price acceptable to you or they will sell it for free*
  •   Team Approach for Maximum Client Satisfaction
  •   Ranked #145 Worldwide for all Keller Williams Agents 2008
  •   Ranked in the Top 25 of all agents & companies county wide in both the number of listings & sales since 2004
  •   Top 500 Teams All Companies in California for Production
  •   Sacramento Magazine 5 STAR Agent

 

In short, the Rigley Realty Group will sell your home for the most amount of money, in the shortest amount of time, with the least amount of hassles.

 

ALSO, once you sell your Elk Grove home, the Rigley Realty Group can help you find your next home in Elk Grove 

 

What’s your Elk Grove home or property really worth? Get the true value of your home NOW!

 

Are you a local hero looking to buy or sell a home in Elk Grove? CLICK HERE to find out about the Home Benefits for Heroes savings program NOW! Former and active Military, law enforcement, firefighters, health care providers, first responders, and teachers are but a few of the everyday heroes that may be eligible for home buying and home selling discounts through Home Benefits for Heroes 

 

To stay up to date with more Elk Grove Community News and Events, Elk Grove Real Estate information log on to www.RigleyRealtyGroup.com

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Thanks for joining us,

Mike & Jennifer Rigley

RigleyRealty Group

916-339-7061

Cal BRE # 01391317 / 01472902 

 

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Whether you are buying or selling a home, Mike and Jennifer Rigley of the Rigley Realty Group are your go to local Realtors. Their strong focus on assisting homeowners in need and offering a free straightforward no nonsense consultation, is why they have been named one of "Americas Best Real Estate Agents for 2013". 

  

  This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mike Rigley's personal views.

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Seller sometimes tend to compare hard numbers and not the real properties

Nov 24, 2017 06:11 PM #1
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